mr prime minister i congratulated him or year. after russian norway signed the treaty there treaty because they did that this is good news he sounded it to see the two ladies sort of that sick. in the memories member countries should discuss this issues together and find solutions practical solutions which would mean acts here young old parties happy streak to scare. the. it's this was a unique experience. because these two countries so they called us your use and these are a lot. and that they demonstrated to modernise procida experience that exam system conventions this is a very good experience a very good example and pattern of harmony between countries should offer the way to resolve issues of press conference the movements yesterday to sam question was

raised that assure us conference and mormon square president middle vetted and prime minister stoltenberg committee or so mad would want to sign russian norwegian treaty on the demarcus zeb order is severely c. in the arctic ocean and the russian president presented our position of very clearly we don't see how the benefit for the good of my colleague has just said that in the arctic council in the arctic five sets of june we had a slew of the meetings in the energy hell serious year ago and we reaffirmed that all the problems that exist in the arctic region should be resolved and we'll get resolved if all you through political means based on international law primarily the question of the law siegel's and because of the event that took place in moments just to be able to use demonstrates that all these issues can be resolved through practical agreements. between arctic countries i don't

think that it would be a right move for nato the missus. relative to assume the role and the right to decide which way problems in the arctic should be resolved as for. zeeshan of the arctic is concerned i agree with all just going in that there will be no mental militarization of the arctic but that each of the countries. account for it because for me for it with all of these aerials russia and canada both the need to be they have their its responsibility to protect their borders and protect cyril it's suits that goals along their borders and of course will do with take will take practical steps to ensure security in the arctic was that we as the. us and the last question please which you didn't use your very liberal you

know that when you. have a question to the russian minister of western mass media reporter just say not enough but i'd like you. when you know that the nato invited russian leaders to take part in a nato summit that will take place in lisbon. to the russian part receive such an invitation and is it interested in such a trip to consider and i did hear about these reports in the media but it is often happens that the media are it had of awful channels we haven't received anything through official channels yet thank you you've just heard russian foreign minister sergey lavrov and his canadian counterpart lawrence cannon speaking live at a news conference here in moscow the main topic of discussion of the arctic ocean where russia and canada are hoping to claim large territories of the seabed which

are believed to contain vast amounts of untapped natural resources. going to some other stories now that we're covering here on our t.v. as the u.s. deals with bankruptcies and foreclosures americans are looking at who's to blame for the current state of the economy some are pointing the finger squarely a failed investment bank lehman brothers and say its demise drove the country into debt artie's out of stasia churkin explores the impact of that event. two years have passed but is anyone wiser the u.s. marks the second anniversary of the largest bankruptcy in its history investment bank lehman brothers holding six hundred billion dollars in assets fell to its knees becoming the tipping point of the financial meltdown in panic attack mode the u.s. stock market went through the biggest points fall in one day since the attacks of nine eleven it was sort of a crescendo at the same time it triggered off a number of other events you had ripples throughout the global financial system

apart from losing its dignity and credibility wall street went unpunished. where do you see anyone getting one hundred fifty year sentence if you have learned any real lessons are they more frightening than worried yes are they more careful yes can they afford not to take risks again no for more than a year now unemployment has remained at more than nine and a half percent however most analysts say that number is closer to twenty and it doesn't stop there what really hurt america was the focus on housing and the subsequent collapse in new york alone homelessness has gone up a staggering fifty percent women know what it was doing but more importantly the united states government know what lehman was doing many are still skeptical that the worst is over you're in this classic downward spiral that puts the american

economy in the worst condition that i have seen in my lifetime and i've been around a long two years after the failure an inquiry into who is to blame is still ongoing but if you expect any real results any more tells us amounts of taxpayer kassam been poured into the system to below corporations throughout the crisis but not lehman brothers considered by the u.s. government. not too big to fail a whole lot. better if you hard earned bucks were saved by the people at least then well not really because helping the u.s. treasury to overcome the losses from the field here continues to be american taxpayer money traditionally footing the bill for all of the states in the country . cannot party new york.

time now for a bit of traveling but don't bother packing your bags just come along with our close up team as we continue exploring the vast and varied regions of russia in today's episode we take you on a journey to russia in a region in the country's far east with artie's alexei as your guide. russia closeout team is back and this time we're seven thousand kilometers from the russian capital moscow in the russian far east in the island of cycling this is the second in region indeed one of the most prosperous in in russia located around four hundred kilometers from the russian mainland and separated from the russian mainland by they talked our straight it is quite a big island one thousand kilometers from north to south and about three hundred fifty kilometers from west to east it represents a new region a very rich in terms of biological resources now the island of cycling is home to more than a thousand species of birds and animals as well as flowers and plants and more than

a third of them are considered to be endangered and are placed in the so-called red book of endangered species and to talk about what the island is like we're joined by an expert in an environment from the netherlands working here in the cycling for four years as far as i know you're right what can you tell us about the environment and what's its biological resources are like what can we see here in terms of nature. is really a unique place when it comes to nature and natural environments and natural resources. yeah you can travel around the island. and you can be pretty sure that you never going to be bored because there's really a wide variety of different systems you've got lots of species endangered species also spectacular spectacular ones little birds. you have. of course the salmon that comes here every year which is really nice to see so in general if you like the outdoors it's it's a great place to be and to work of course thank you so much this was experimental

specialist from one of the companies working here in the seventy nine and now of course all this beauty we've just talked about has to be protected somehow and we did a report explaining what this protection is like in the far east of russia. risking life or limb special troops to send a speeding boat in the middle of the pacific. coast guard in the russian far east this is an almost daily routine they fight poachers. illegal fishing to millions of dollars. fee. along with a team of officers we come on board a fishing boat they check documents to see whether the vessel had any right to fish here. this particular boat was legit but officer got a boost said this was an exception rather than a rule but xander told us of the biggest highlight of his three years of service

here. we identified a vessel belonging to poachers we asked them to stop and fight flares they didn't reply so after an hour we had to open fire after about twenty minutes they stopped probably being too scared of us shooting at them that was one wild chase alexander came here from the other side of russia and despite nonstop action and hard work he enjoys his time here that is because he projects some natural beauty from human harm the beauty which is visible from the very first glance. tucked in between the russian mainland japan and the circling island is the island of minute on named after french seafarer who discovered it it is described as the pride of the sakhalin region we'll take a look at what's in store for us here. until

two thousand and four the island was part of the boarders own and was completely restricted to visit is now the speech rest place is open to tourists unique plants and animals are its top attraction. when you purchase of course the island is unique because it is located far from the mainland and is practically untouched by humans that's why many endangered species or both flora and fauna can be found here the underwater world who is also unique because a warm currents in the sea when you're on is by a ride of the far east while some go to the sakhalin region to enjoy the sights others convert the island's nature's riches into a healthy dollar it is home to the biggest seafood processing factory in russia the tonight show hundreds of thousands of tons. fish get caught in the nets too late to produce delicious salamon caviar almost unnecessary attribute of anything in russia

the owner of the enterprise says a good fishing season can bring in more than one hundred million dollars net profit . and to a large extent this is old to do what succulent offers environmentally the tonight show operates in only and natural habitat farms fellman the feed you have to give them a lot of. all sorts of matted thin lines of biologics and things like to make sure that it actually survived and this is their natural environment and again while filming is certainly much better than may need farm spaces it's a natural product it is if you can see the fish is alive we deliver it live to the factory and you get the best product you can get a mild climate unique natural sites and delicious seafood succulent can all for a diverse holiday for those who are not afraid to travel ten thousand kilometers from europe the question is whether this distant land would ever be able to become

a major tourist destination and the ski on sea reporting from the cycling region switching gears now british special forces are undergoing the biggest cuts since the second world war the ministry of defense needs to downsize the elite s.a.'s after having its budget slashed and while the decision may save the government a few pennies many critics say the cost of axing members of a global asset spells disaster for the country's future artie's laura and reports from london. weld renowned elite notoriously camera shy these are britain's special forces at work in afghanistan they're seen as one of the greatest assets the u.k.'s army has to offer but even they aren't immune from government cuts the ministry of defense is being forced to save between ten and twenty percent of its budget for the s.a.'s that will mean getting rid of those too old for combat duty and axing one of its part time but tolerance for paxman used to

be in the s.a.'s and now help servicemen to overcome post-traumatic stress disorder he wonders what will happen to men who've spent their lives in extreme situations and my concern would be the vast numbers of going in there are going to be out of work they've been in military environment. combat environment hostile environment for a number of years all of a sudden they go off on themselves with a skill set that i can't use in the civilian community pretty harsh offer of. a job some say the decision to axe old soldiers is a false economy they're the ones with the know how and invaluable experience but needs must and as the u.k.'s economy shrinks so difficult decisions have to be made an economist searching a proper look at what the u.k.'s defense needs actually are rather than just locking off a bit here and there i don't think that sort of. approach is really going to work i

think what you really need to ask is what britain's military needs going to be over the next ten twenty thirty years and so far as we can predict them and then design your own forces to actually accommodate those strategic concerns over than just trying to save on paper clips and stationery u.k. special forces have been active in all the major conflicts in recent years iraq kosovo east timor and now afghanistan where nine and a half thousand british troops are currently deployed but the question is whether the person. he will be able to play peacekeeping or military roles in foreign conflicts in the future and that at the same time it's rising economic powers or increasing their military forces that's going to create some nervousness from a period in which nato countries the united states most of all but also west european countries enjoy a certain technological superiority. not just discomforts defense cuts ultimately mean european countries will be increasingly dependent on

multilateral alliances to ensure that national security defense review is currently underway with results to be published in the late what's inside is hoped for is a wide reaching decision on the u.k.'s defense priorities what some are afraid they're going to get is paper shuffling and useless cut back same persons already overstretched forces. u.s. forces have launched a crucial operation in the southern afghanistan in the district where the taliban movement first originated the offensive in zhari province west of kandahar comes as a last push to stabilize the region by the end of the year the area is known for being a hotbed of insurgency and this comes ahead of the white house review about policy plans for the year after president obama announced a thirty thousand troop surge for the country former u.s. state department official matthew hoh says the operation is are years on achievable

because of its military approach. what i would like to see is do rather than go in there with a surge of troops in trying militarily defeat these guys which is not possible in my estimation because the taliban and that takes so much support from the population them selves so instead of trying to in some instead of trying to go in there and basically outmuscle them and defeat them work with them negotiate with them talk with them address their grievances tkinter what we didn't iraq in two thousand and six and two thousand. if in our province in our province we turned the sunni insurgency on to our side and against al qaeda that's what we need to do in afghanistan when we went into afghanistan in late two thousand and one we stabilize it we vanquished we've increased one side put the other side into power we never addressed those underlying root causes of the conflict getting back to the west of kandahar going in there what the people why the people were turned to the taliban supporters because they see the government as being outsiders they see security

forces being outsiders and of course who's coming in but foreign troops so that's why they turn to the taliban for protection. commentary there from former u.s. state department official matthew hoh. the future of the arctic is being debated in moscow by russia and canada both countries foreign ministers have just wrapped up their talks after auto was announcement that it was challenging moscow's claim to parts of the arctic seabed for more on this i'm joined live by a. car so what's moscow's stance on all this and why isn't the arctic the focus of such interesting dispute. while both russia and canada remain firm at their positions claiming that part of the arctic sea bed known as the a woman also for bridge belongs to each each one of them russia has been leaning back to this area in the on the arctic sea bed belongs to you almost to russian territory is in fact a continuation of the russian land mass for several years now and has requested the

united nations to watch the show we recognize it as part of russian territory following. following the trip of scientists to this area where they studied and examined the bridge that even planted the flag of the russian federation but the united nations has demanded more all this fact now russia has pledged to continue expeditions to this area and continue studying it until there will be enough scientific proof for the international community to recognize it as part of russia let's listen to what the russian foreign minister had to say. it was listen you could have the limo and also the woman also bridge was discovered by russian explorers but today we want to prove scientifically that it's a continuation of our main line in providing our data to the un as is canada and now denmark is also thinking about lng clinging to the woman also of ridge but any such claim must be based upon scientific data provided to the un commission and do

you have the last word in any case. which. in turn canada says that the almost a religion belongs to the state so in fact just previously the country's foreign minister. has named establishing itself at the arctic as a one off the key foreign policies of canada and they also pledged to continue holding. continue studying with syria and sending scientists there in the future in order to prove that that the self of the arctic seabed is there's less listen to watch the canadian for the destruction of the rule so that our data on the lawn is awfully age and we're confident that our case will prevail on the scientific evidence that. this the hard to get self is a huge area really doesn't belong to any country but in fact it's thought that it

holds up to twenty percent off the world's reserves of oil and gas that is why it is quite an attractive area interestingly but also both russia and canada have pledged to resolve this tutorial dispute peacefully diplomatically and strictly scientific of so much at stake in the arctic though could the situation potentially turn ugly or diplomatically sticky in the future. hopefully thoughts like i said just two foreign ministers have said that they're going to do this in a matter of policy and science but there are also other states which also want to establish themselves in the all of six and in the arctic and the united states denmark norway iceland finland and more and i can tell you that with the such huge resource small energy located in that area the the demand

for energy is only going to grow in the future and that area is also going to be more and more interesting over the years all right r.t.c. orcus kind of live from outside the russian foreign ministry in moscow thanks for that report. turning now to some other stories making headlines across the globe a blast in southeast turkey has killed at least eight passengers aboard a minibus officials are saying the bus struck a landmine no one's claimed responsibility for the blast kurdish militants have recently carried out several roadside bomb attacks in the area in their fight for independence. a mortar attack by palestinian militants and airstrikes by israel for in the grim backdrop as middle east leaders latest round of peace talks u.s. brokered negotiations between palestinian president mahmoud abbas and israeli prime minister benjamin netanyahu in jerusalem produced no agreement the main issue on the table was whether is where israel would extend its existing suspension on settlement building in the west bank the palestinians say they'll opt out of future

meetings if construction resumes. the u.k. is preparing for the pope's first visit to the country to arrive in scotland and meet the queen before holding an open air mass in glasgow tens of thousands are expected to attend the event in the hopes of catching a glimpse of the religious leader this is the first visit by a pontiff to the u.k. in more than twenty five years but tickets have not sold out as planned and protests are actually planned over the vatican's policies on issues including gay rights and abortion and. russian communists want the british singer staying in jail the famous artist has been criticized by communist party members in st petersburg and the leningrad region over his calls to legalize marijuana despite getting a warm welcome from fans the party branded the pop star a drug pusher and an enemy of healthy living criticism has also been leveled against the police for failing to arrest staying at a concert in russia earlier this week. kareena melican joins us next with all the

latest from the world of business stay with us after this short break. this is more a region is economically and socially one of russia's better developed provinces the region has a significant scientific and industrial capacity that will realize its full potential after the construction of this you go to a valley i t. park and tell ya he has completed the id parco has r. and d. projects in the spheres of automotive construction aerospace and oil chemistry high tech data center for bridge with cutting edge servers and communication equipment will be constructed at the core of the park the project has been personally approved by prime minister vladimir putin the federal government is planning to allocate sizable funding for the parks construction investors will be given benefits such as property tax exemption low land rental prices and other preferences but it is this a more region government is open to mutually beneficial cooperation we invite

investors to participate in existing projects and we are ready to give a hand of fulfilling your projects and growing your business in the small region. past one pm here in moscow welcome to business and the republic of former yugoslavia has agreed to join the south stream project promised to other public of . course in moscow on wednesday to sign a cooperation agreement on the gas pipeline by just energy minister sergei said it was in the interests of europe to create favorable conditions template that selfsame added that there was no real time to the project. being told that the project is too expensive and this gas is not needed in europe i'd like to draw attention to the fact that the gas will be sold at the market price that will be formed in europe well the european consumers should not be

worried about the cost of the south stream construction this is a concern to shareholders that there is an offer. in europe the more look at price paid trip which is in the consumer's interest rate because we are absolutely sure that there is no alternative to the south stream project confident that the construction of the south stream will provide regular gas deliveries not only to the whole of southern europe but also to many consumers in the rest of europe stay with energy russian pipeline operated transnet investment group so much capital will buy the black sea port of navarre i see sc in a bid to integrate russia's largest part of a port operator in crude oil trans they have to answer capital already control the baltic sea port of pre morse combining the capacities of the to create the largest steve tory company in russia big deal is estimated at around one point eight billion dollars and the two companies will hold fifty point one percent of that number as is more on that basis. the russian government is busy promoting

modernization through the reform of taxes and regulations as business r.t. discovered to innovation can only come from companies themselves but in the culture the reports one factory in moscow that's rebuilt from the ground up. i'm glad i live should sue proud glance into newly built bright orange factory just five years ago the film a brick plant still abandoned now it's revitalized and efficient small companies laid to modernize there for. this. cause believe it or not our families love our carry our. wow. my. my dinner says it costs fifty million euros to modernize the factory the money is recouped through great efficiency the workforce has fallen from seven hundred eighty just to one hundred forty of all when the plant became only economic the

management decided to restructure it we are now five times more efficient sadly this story is an exception and not the rule russian lawmakers have been working with businessmen to try to stimulate innovation but there is a big gap between wards and action only the private business can actually modern and that my structure of government can only create conditions for this actually being drawn from the one of the protect property rights of course going right back to let the private sector investor mother lightspeed businessman welcome the government's talk about reform but much of the economy is still frozen after the crisis companies are unwilling to borrow and innovation waits for the upturn my new question of business outing. looking at the markets closed a stock markets are lower thursday tokyo stuff and it all was flat after hitting a five were hong kong setting point sixteen percent that's our european equities

are up and out of trade helped by positive and thus feel good shares investors are waiting for more economic numbers for clear market direction of b.p. a dollar two percent or forty followed by rolls royce. over the desks. karen has an m isaacs of both a negative territory on the back of a downturn in asia all the blue chips are losing value dragged by financial and telecommunications stocks with telecom shedding one and a half the sound energy majors are trading in the red as well as down a quarter of a side with our bucking the trend. is gaining two point four percent. seven plans to invest to have billion dollars in developing the. project in liberia the company has got a permission from the liberian government to develop the field which contains the wrong one million tonnes of war it will produce from two thousand and seventeen about twenty million pounds or.